SEALSQ Corp to acquire ASIC specialist IC ALPS

GENEVA - SEALSQ Corp (NASDAQ: LAES), a developer of semiconductor and post-quantum technology solutions with a market capitalization of $424.59 million, has signed a Share Purchase Agreement (SPA) to acquire IC ALPS SAS, a French company specializing in Application-Specific Integrated Circuit (ASIC) design and supply. This acquisition, announced on May 22, 2025, follows exclusive negotiations that began on February 27, 2025. According to InvestingPro data, SEALSQ maintains a strong financial position with more cash than debt on its balance sheet.

The deal, expected to close in the third quarter of 2025, is contingent upon certain closing conditions, including approval from the French Ministry of the Economy. With this strategic move, SEALSQ aims to bolster its ASIC development capabilities to meet increasing market demand. The company has demonstrated strong momentum, with a remarkable 750% price return over the past six months, though investors should note that InvestingPro analysis indicates the stock currently appears overvalued relative to its Fair Value.

IC ALPS, headquartered in Grenoble with design centers in Grenoble and Toulouse, employs over 100 engineers with expertise in various circuit technologies. The company serves sectors such as medical, industrial, automotive, IoT, and security, and holds several quality certifications, including ISO 9001:2015 and ISO 13485:2016.

SEALSQ’s focus on post-quantum technology is driven by the growing threat to traditional cryptographic methods posed by quantum computing. The company’s post-quantum semiconductors are designed to provide advanced protection for sensitive data across multiple industries.

The acquisition of IC ALPS is expected to add valuable human capital and technical expertise to SEALSQ’s operations, enhancing its product offerings and market position. With current revenue of $10.98 million and a healthy current ratio of 6.0, SEALSQ demonstrates strong liquidity to support its growth initiatives. This move underscores SEALSQ’s commitment to maintaining a competitive edge in the rapidly evolving semiconductor industry. For deeper insights into SEALSQ’s financial health and growth prospects, investors can access comprehensive analysis through InvestingPro’s detailed research reports, available for over 1,400 US stocks.

This announcement includes forward-looking statements regarding SEALSQ’s business strategy and potential future developments. These statements are subject to risks, uncertainties, and assumptions, and actual results could differ materially from those projected. Investors should note that analysts do not anticipate profitability this year, with the company scheduled to report its next earnings on May 28, 2025.

The information in this article is based on a press release statement from SEALSQ Corp.

In other recent news, SEALSQ Corp has announced several strategic initiatives and product launches. SEALSQ reported a strategic investment in Wecan Token to enhance its digital identity ecosystem, integrating blockchain technology to support Know Your Customer processes and digital signatures. The company has also introduced the MS6003 secure element chip, designed to bolster passwordless authentication with FIDO2 certification, aiming to meet the rising demand for secure, phishing-resistant methods. Furthermore, SEALSQ launched the QS7001 secure element, a quantum-resistant solution for Bitcoin wallets, integrating post-quantum cryptographic technology to protect against quantum computing threats.

Additionally, SEALSQ’s shareholders approved the re-election of its board members and the addition of a new director during its Annual General Meeting, reflecting strong support for the company’s governance. SEALSQ has also committed a $10 million investment in WISeSat.Space to develop a quantum-resilient satellite network, enhancing space-based quantum key distribution communications. This initiative aims to establish a "Satellite-as-a-Service" model for secure IoT communications. These developments highlight SEALSQ’s continued focus on advancing its cybersecurity capabilities and addressing emerging security challenges.

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